Things To Come:

An Autumn Of Epic Asset Collapses & Higher Inflation… Means Poverty & Social Unrest

Egon Von Greyerz 

The world economy and especially the political and economic situation today consists of a potpourri of lethal ingredients which will have dire consequences…

Let’s look at what this deadly potion consists of:

• Debts at levels that can never be repaid – sovereign, corporate & private
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• Epic global bubbles in stocks, bonds & property – all about to collapse
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• Major geopolitical conflicts with no desire for peace – major wars likely
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• Energy imbalances and shortages, most self-inflicted
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• Food shortages leading to major famine and civil unrest
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• Inflation, leading to hyperinflation & global poverty
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• Political and economic corruption in US, Europe and most countries
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• No country will afford social security, medical or pension payments

So what are governments around the world doing to solve these problems?

Nothing of course.

The only thing they know is to print more money. They have never understood that a debt problem cannot be solved with more debt. All they can try to achieve is to pass the baton to the next leader so it will be his problem.

This means that all the political, economic and financial mismanagement of the past 50 years will result in a global collapse never seen before in history.

The consequences will be both dire and unpredictable since the world has no experience of this magnitude and complexity of problems.

So what are global leaders doing?

What is clear is that Western leaders will not assume any responsibility for the coming calamities.

Covid will obviously be blamed although there is a lot of evidence that it was manmade and could have been controlled with simple and cheap existing medicines. And all the lockdowns and restrictions have certainly had a bigger impact than the disease itself. Sweden for example virtually had no lockdowns or mask requirements and did not suffer more deaths than countries in total lockdown.

Secondly, the Russians will be blamed for the current global economic problems of inflation, energy shortages and decline of global trade. The fact that these problems started well before the Russian invasion of Ukraine is quickly forgotten.

What we do know is that sadly wars are an integral part of history and as long as there are people on earth, there will be wars

The risk is that what now seems a local conflict in eastern Ukraine will become a major international conflict.

This is not a war between a small innocent country and a superpower. No this is a major conflict between the US and Russia. And since China has declared it is supporting Russia, this is a conflict between the three major super powers in the world.

And since the US has coerced the EU to join against Russia with weapons, money and sanctions, this is a conflict of major proportions.

The lack of statesmen and strong leadership in the US and EU has created an absurd situation with the EU not just biting the hand that feeds them but actually biting it off totally.

With many European countries being dependent on Russian gas, oil, cereal and fertilisers, EU’s left hand doesn’t know what the right one is doing. Not only is this a human and economic catastrophe of major proportions but one which will have major implications for Europe for a long time. Germany used to be the economic and financial engine of Europe but is now on the way to becoming a basket case. But sadly they haven’t discovered it yet.

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